Small Caps or an associate may receive a commission for funds raised. ... Market Sanity/Video interview. 2020 is the year the bubble peaks, ... Forecasts… He calls what’s headed our way “the crash of a lifetime” – similar to the 1930s. Your personal objectives, financial situation or needs have not been taken into consideration. The average price target is $36.55 with a high forecast of $45.00 and a low forecast of $18.00. ET by Harry Boxer Evolus started at buy with $27 stock price target at Stifel Nicolaus The information provided on this site is general in nature, not financial product advice, see a financial expert before making any investment decision. Harry Dent forecasts global debt deleveraging and Australia’s property bubble bursting. All rights reserved. ARRY Stock: A Backtest Has Successfully Been Completed I have come across many traders and investors who have been frustrated by the price action that characterized the first quarter of 2018. All rights reserved. Two cannabis companies top Harry Boxer’s stocks to watch Feb. 1, 2019 at 12:48 p.m. Lookup the fund or stock ticker symbol for any company on any exchange in any country at Marketwatch.
This is what this is, and there’s no other way to get out of this.”“This virus is a short-term thing, but it is the perfect shock because it is going to literally throw most economies into a short-term depression. Japan crashed in the 90s while everyone else had their greatest booms in history,” said Mr Dent.“The size of the baby boom, which countries are affected and when – these are all predictable factors and yet economists don’t study demographics.”One of the more pressing problems for developed economies is dovish monetary policy, which can assuage market participants in the short-term, but eventually leads to inflation and currency devaluation in the long-term.Mr Dent explained that major developed nations such as the US have effectively become “drug-induced economies” with the drug of choice being debt, acquired via low-interest rates.Growing debt faster than GDP eventually leads to asset bubbles and “bubbles always burst badly”.“Every major bubble in history has been driven by excessive debt growth, asset purchases and money printing which, which is like a financial drug – you get something now, but you have to pay for it later.”Mr Dent said that several economies have no choice but to undergo a detox in the form of debt deleveraging. USAGOLD note: Harry Dent does not mince words in this interview. By. There may be a conflict of interest present with commercial arrangements with companies and/or stock held. Copyright 2020 Small Caps. This is FREE from Profit Confidential. The last time this happened on a large scale was in 1929-32 after the Wall Street crash, but this time around is likely to be far worse due to the larger multiples involved.“The larger the bubble, the more painful the burst,” said Mr Dent.Interestingly, Mr Dent claims that several prominent economists and investors are underestimating the impact of unprecedented debt growth and overestimating central banks’ capacity to mitigate the consequences of financial stimulants.Debt can be used sustainably or to conceal the underlying problems while boosting asset prices.“Eventually, central banks will not be able to control the debt spiral because at one-point debt growth becomes exponential. Small Caps and affiliated companies accept no responsibility for any claim, loss or damage as a result of information provided or its accuracy. ...when you opt-in for our daily e-letter, Profit Confidential and the special offers that come with it! Best-selling author, outspoken economic analyst and permabear Harry Dent is adamant the world economy is on the precipice of a historically significant rebalancing that rivals the Great Depression and the Global Financial Crisis of 2007-09.Forecasting how deep the impact will be, Mr Dent told In response to critics that doubt his 80%-plus plunge in stocks and property forecast, Mr Dent explained that most commodities have already crashed by more than 70% in recent months with future oil prices turning negative earlier this year.The self-proclaimed “demographer” explained that by assessing demographic and macro trends, investors can better forecast future events.According to Mr Dent’s analysis, ultra-loose monetary policy in all developed countries over the past 30 years has sown the seeds of an impending financial catastrophe that eclipses all those previous.Referring to long-term demographic changes, Mr Dent says several countries are exposed to a severe deflationary shock and worsening economic conditions including lower aggregate demand, higher unemployment, deflation – all set against a backdrop of more bankruptcies for both companies and individuals.The outlook for Australia is mixed despite the country’s relatively strong demographic profile compared to its peers and the lowest government debt tally in the developed world.Positive aspects include demographics and geography. No part of this document may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever, without written permission from the copyright holder. We could see 10, 15, 20% unemployment in Q2 2020 in a lot of countries.”Either as a sign of his confidence or his eccentricity, Mr Dent said: “We’re going into detox next year.
However, the virus is not a significant factor in and of itself.“Coronavirus is the perfect trigger for a debt-fuelled financial crisis that’s been building for years,” Mr Dent explained.The virus has served as an ideal catalyst by accelerating debt acquisition and reducing consumer spending simultaneously.Mr Dent said the coronavirus crisis will push most economies into a short-term recession spanning from Q2 to at least Q3 and possibly Q4 2020.“Sometimes you have to have a recession to clean things out.